Lufthansa and Air China Sign Joint Venture
The Lufthansa Group and Air China have signed a partnership agreement which will enable the two aviation groups to jointly operate all connections between Europe and China as part of a commercial joint venture. In addition to Lufthansa and Air China, the agreement extends to the Lufthansa subsidiaries Austrian Airlines and Swiss International Air Lines.
The joint venture will significantly expand code-sharing connections and enhance the commercial partnership between the two carriers. The move comes as the two companies implement the memorandum of understanding signed in summer 2014.
Lufthansa Group and Air China plan to coordinate flight timetables, to offer common fares and to modify corporate programs to improve the offerings available to corporate customers.
The move is part of Lufthansa Group’s partnership-driven Asia strategy, following a joint venture with Japanese carrier All Nippon Airlines (ANA) and a joint venture with Singapore Airlines, which was signed in November 2015.
The commercial joint venture is scheduled to commence at the start of the 2017 summer flight timetable.
To learn more visit lufthansa.com or airchina.us.